For investors acquiring assets, crossing borders is often made very simple; it can even be a passive process. Bringing them back into an estate is rarely as straightforward.
We will dive into the topic of how differently assets located overseas may need to be dealt with, compared to those located in the UK. This talk will include some case studies to help show just how commonly occurring these issues are in estates, and the headaches they cause practitioners. We’ll look at how we help overcome the obligations and hurdles that arise, and how different even two accounts held with the same bank can be.
Topics we will cover:
Ireland
- Bank accounts and missing assets, ‘land back home’, cost-benefit and the need for an Irish Grant.
Offshore
- Isle of Man: fastidious Court requirements; staples!
- Channel Islands: same cloth, but different tailoring – divergence of once-common laws and rules, meeting each territory’s requirements.
USA and Canada
- ESPP shares, investment accounts. Many UK shareholders have passively acquired US and Canadian listed shares.
- Tax clearance (USA)
- US Probate: the irrational obstacle
Australia, Hong Kong and beyond
- Sheafs of share registrar paperwork
- When is a reseal required
- Selling UK shares with Australian-resident Executors